South Africa's Chancellor House Denies Sway in Hitachi Contracts

  • Chancellor House says it has no ANC link, as SEC alleged
  • Hitachi only won contract because talks broke down with Alstom

Chancellor House Holdings Ltd. said it’s not connected to South Africa’s ruling party and didn’t have any influence in its partnership with Hitachi Ltd. winning $5.6 billion in contracts to install boilers for power plants as claimed by the U.S. Securities and Exchange Commission.

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